I have applied for home loan with a reputed bank. First, they provided me with a pre-approved home loan letter( after payment of processing fee).Next I provided them with property papers (for which the loan is sought).Nearly 6 months have passed and still approval letter has not been issued from the bank. My builder is asking me to cancel the sale agreement.
Can some one please guide me on this ?
09 Mar 2016
Assuming that you have enquired with the bank for the delay and you are not getting a proper answer , better send a legal notice to the bank mentioning the loss caused by the delay.